Paragon Technologies' SI Systems Brand Awarded Contracts Totaling $900,000 for Two Assembly Conveyor Systems
26 Junho 2008 - 11:15AM
PR Newswire (US)
EASTON, Pa., June 26 /PRNewswire-FirstCall/ -- Paragon
Technologies, Inc. (AMEX:PTG), a leading supplier of "smart"
material handling assembly conveyor systems and "software-driven"
warehouse and distributions systems announced today that its SI
Systems brand secured orders totaling approximately $900,000 to
design, build, and install automated conveyor systems from two
global manufacturers of off-road and on-road vehicles. One system
will be employed to assemble cabs for large off-road vehicles, and
the other system is for assembly of a line of new fuel-efficient
engines for automobiles and light trucks. Terms of the contracts
were not disclosed. The system design will incorporate the
Company's unique and popular ergonomically designed carriers that
lift, lower, and rotate fixtured vehicle frames during the assembly
process, and will reduce worker fatigue and increase manufacturing
productivity. The systems will be installed in new factories
currently under construction and will significantly boost
manufacturing capacity for both customers. Len Yurkovic, Acting CEO
of Paragon Technologies, said, "Our expertise in designing
ergonomically friendly assembly systems is widely recognized in the
vehicle manufacturing marketplace." Yurkovic also said, "As
manufacturers worldwide search for systems that will reduce worker
fatigue while increasing productivity, our conveyor technologies
are positioned to become integral to their ability to achieve these
requirements." About Paragon Technologies Paragon Technologies is a
leader in integrating material handling systems and creating
automated solutions for material flow applications. SI Systems'
branded technologies and material handling solutions address unit
assembly in manufacturing operations and order fulfillment
applications. One of the top material handling systems suppliers
worldwide, SI Systems leading clients have included the United
States Postal Service, BMG, Peterbilt, Honda, and Maybelline.
Cautionary Statement. Certain statements contained herein are not
based on historical fact and are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities and Exchange Commission rules,
regulations and releases. Paragon intends that such forward-looking
statements be subject to the safe harbors created hereby. Among
other things, the forward-looking statements regard Paragon's
earnings, liquidity, financial condition, review of strategic
alternatives, and other matters. Words or phrases denoting the
anticipated results of future events, such as "anticipate," "does
not anticipate," "should help to," "believe," "estimate," "is
positioned," "expects," "may," "will," "is expected," "should,"
"continue," and similar expressions that denote uncertainty, are
intended to identify such forward-looking statements. Paragon's
actual results, performance, or achievements could differ
materially from the results expressed in, or implied by, such
"forward-looking statements:" (1) as a result of factors over which
Paragon has no control, including the strength of domestic and
foreign economies, sales growth, competition, and certain cost
increases; and (2) if the factors on which Paragon's conclusions
are based do not conform to its expectations. The forward-looking
statements contained in this press release may become outdated over
time. Paragon does not assume any responsibility for updating any
forward-looking statements. Furthermore, achievement of the
objectives of the Company is subject to certain risks, including,
but not limited to, those risks outlined in Paragon's filings with
the Securities and Exchange Commission, including its annual report
on Form 10-K for the year ended December 31, 2007 and the most
recent quarterly report on Form 10-Q for the quarter ended March
31, 2008. This press release and prior releases are available at
http://www.ptgamex.com/. DATASOURCE: Paragon Technologies, Inc.
CONTACT: Len Yurkovic, Acting CEO of Paragon Technologies, Inc.,
+1-610-252-3205, Fax, +1-610-252-3102 Web site:
http://www.ptgamex.com/
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